Patrick Smith
Senior Director, Commercial Finance @Universal Pictures
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WORK HISTORY
Senior Director, Commercial Finance @Universal Pictures
Los Angeles, CA, US
Promoted to lead and reorganize the Commercial Finance division at Universal Pictures Home Entertainment (UPHE). Built a new team of seven to modernize the finance organization. Pivoted away from more outdated physical product-centric reporting/processes and toward digital sell through, VOD and Premium VOD products. · FP & A oversight of more than $1B in global Universal / Focus Features film revenue and $80M in annual TV revenue across NBCU-owned divisions. Responsible for core FP & A activities for UPHE including creation, tracking and maintenance of all film ultimate P & Ls, financial pacing, budget forecasting and long-term planning. · Financial modeling / scenario analysis of windowing shifts following the emergence of company-owned Peacock and competitive streaming platforms. Studio financial analysis of product cannibalization between theatrical, home entertainment and subscription following COVID-related industry upheaval. Development of windowing optimization recommendations. · Financial modeling of the AMC deal that broke the 74-day exclusivity window between studios and exhibitors, clearing the way for Universal’s $19.99 Premium VOD product and a shortened 17-day exclusive theatrical window. · Preparation of the annual budget and presentation to studio leadership including the Vice Chair & Chief Distribution Officer of Universal Pictures.
EDUCATION
UCLA Anderson School of Management
MBA, Finance and Investment Management, Marketing
University of Manitoba
B.Sc.,
SKILLS
ABOUT PATRICK SMITH
Finance professional in Entertainment with ten-plus years of experience in FP & A, business strategy and deal analysis with Universal Pictures, Marvel Studios, The Walt Disney Company and CBS.Responsible for core FP & A activity for Universal Pictures Home Entertainment. Cutting edge of new business financial modeling following COVID-related industry upheaval and the emergence of new major streaming platforms.Recognized “40 Under 40” Home Entertainment Professionals - Media Play News 2019. MBA Graduate of the UCLA Anderson School of Management (Dean\'s List of Honor Students).
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